by Brian Pillmore | May 11, 2023 | Brian's Blog
Now fintechs are buying chartered banks to cut costs…. What happened? When a fintech builds their app, the only thing they need to be focused on is building an incredible app and growing their customer base. Everything else is a distraction. Operating a chartered bank...
by Brian Pillmore | May 10, 2023 | Brian's Blog
But there is 1 major exception…. Banks that serve the middle market commercial customers. These banks that serve these customers in the middle market are sophisticated—even beyond the level of banks that serve publicly traded companies. These banks handle a lot of...
by Brian Pillmore | May 9, 2023 | Banking Knowledge Base, Brian's Blog
An in-depth analysis of how First Republic Bank found itself in a position to lose $176B in assets in just 1 Quarter. PDF available for download in the Featured section on my profile in Linkedin. If we can help you in assessing the risks with your preferred banking...
by Brian Pillmore | May 8, 2023 | Brian's Blog
The possibilities are quite literally endless… An API for solopreneur plumbers that underwrites loans based on an algorithm analyzing their deposits and withdrawals and doesn’t need access to their tax returns. Another algorithm that can analyze high-risk payroll...
by Brian Pillmore | May 5, 2023 | Brian's Blog
Don’t be so stubborn you become one of them… Core banking alone is rarely enough to support a bank anymore, And plenty have already failed because of it. You need a value-added service. It could be quick and easy auto loans,Or it could be as simple as a better app....
by Brian Pillmore | May 4, 2023 | Brian's Blog
But you better understand the risks of using it… Based on the name “open banking” you might think this would expose you to more hackers, but that’s not the case at all. Your website and other infrastructure is just as exposed to hacks as it always has been. It’s not...
